The UK is set to publish a report on political finance regulations, expected to ban cryptocurrency donations

March 25: Aave Labs Unveils Reinvestment Module Plan for V4 Upgrade Data shows roughly $60 billion of the ~$200 billion in stablecoin deposits on Aave has been long-term idle. The module will automatically reallocate excess reserves to governance-approved low-risk strategies—including short-term government bonds, money markets, or delta-neutral trading—while ensuring funds remain withdrawable at any time with no lock-up period.

March 25 — Per DefiLlama data, major perpetual DEX platforms saw a slight dip in trading volume from the previous day, while open interest in perpetual contracts rose. Notably, Hyperliquid’s open interest has returned to $7 billion, and Aster’s trading volume is once again the second-highest. The latest 24-hour trading volume and open interest rankings for each platform are as follows: - Hyperliquid: ~$7.81B in trading volume, ~$7.07B in open interest; - Aster: ~$2.58B in trading volume, ~$1.90B in open interest; - EdgeX: ~$2.56B in trading volume, ~$1.18B in open interest; - Lighter: ~$2.04B in trading volume, ~$713M in open interest; - Grvt: ~$1.61B in trading volume, ~$471M in open interest; - Apex: ~$1.22B in trading volume, ~$118M in open interest; - Pacifica: ~$454M in trading volume, ~$76.73M in open interest. [Note: Affiliate links are retained as provided.]

On March 25, BitcoinTreasuries.NET reported that GameStop—the video game retailer—pledged 4,709 of its 4,710 held bitcoins as collateral, depositing the assets with Coinbase to execute a covered call option strategy.

On March 25th, Hyperinsight Monitoring (via its Telegram channel @HyperInsight) reported that the second-ranked bear whale on Hyperliquid (address 0xedf) added to its BTC short position in the past hour—roughly 150 BTC, worth ~$10.7 million. Following this addition, the whale’s total short position on Hyperliquid now stands at $46.6 million, with its average entry price lowered from $70,595 to $70,274. Current unrealized losses sit at $520,000 (a ~45% drawdown), and its liquidation price is $72,118. Shortly after increasing the position, the address placed stop-loss and take-profit orders: - A partial position reduction will trigger if BTC rises to the $71,480–$72,420 range; - If BTC falls back to $69,650, the whale plans to take profit on 70% of the position, with the remaining 30% targeting $63,500 for full profit.

March 25 (this Friday) will see the quarterly expiration of cryptocurrency options, marking the largest open interest expiration date in the current market. - Bitcoin (BTC) options: ~$14.16 billion in value, with a max pain of $75,000 - Ethereum (ETH) options: ~$2.2 billion in value, with a max pain of $2350

March 25 — Reuters: A senior Iranian official stated Pakistan has forwarded a U.S.-proposed plan to Iran, but no venue has been set for Iran-U.S. talks aimed at ending the war. ### Notes on alignment with U.S. English/News Style: 1. **Date + Source Lead**: Uses a dash (common in U.S. wire service briefs) to link date and source (Reuters) for clarity. 2. **Conciseness**: Replaces "has not yet been determined" with "has been set" (shorter, more active for news); condenses "talks between Iran and the United States to end the war" to "Iran-U.S. talks aimed at ending the war" (compact, fits brief format). 3. **Formal Tone**: "Stated" (vs. "said") aligns with U.S. news coverage of diplomatic sources; "forwarded" (vs. "submitted") feels more natural for a third-party passing a proposal. 4. **Standard Abbreviation**: "Iran-U.S." (common in U.S. media for brevity in briefs).